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e‑Treasury

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Business Online Banking

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Sterling National Bank* Provides $30,000,000 Credit Facility to a Nationwide Financing Solutions Firm

April 13, 2020

Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $30,000,000 to a nationwide financing solutions firm.

The transaction was originated by Jan Hanssen, a Managing Director located in Sterling’s Los Angeles, CA office.

*now known as Webster Bank as successor by merger.

Nationwide Financing Solutions Firm

Senior Secured Credit Facilities
$30,000,000

Provided by:

Sterling National Bank

Webster Bank provides asset based loans to mid-sized companies operating across a wide range of industries. Sterling’s Asset Based Lending Group offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, employing funds from $5 million to $40 million*. Learn more about Asset-Based Lending.

*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.